Top Australian shares to buy right now with $10,000 

There are a lot of Australian shares to choose from on the local share market.

But which could be top options for a $10,000 investment right now?

Three that have just been named on Bell Potter coveted Australian equities panel are listed below. Here's why they broker thinks these are the best of the best right now:

Macquarie Group Ltd (ASX: MQG)

Investment bank Macquarie could be an Australian share to buy according to Bell Potter.

The broker believes that the company's diversification and surplus capital could make it a great option for investors. It explains:

MQG's diversification is an integral part of the investment thesis. Over the past decade, MQG has undergone a significant transformation, pivoting from its traditional investment banking roots to emerge as a dominant player in global asset management, particularly in infrastructure and renewable energy. This diversification and the potential to generate increased annuity-style income from sources like asset management should bolster MQG's valuation. MQG boasts a substantial $10.7 billion surplus capital, providing ample resources for future investments and growth.

Universal Store Holdings Ltd (ASX: UNI)

Another Australian share that is rated highly by Bell Potter is Universal Store. It is a youth fashion retailer that owns the eponymous Universal Store brand, as well as the Perfect Stranger and Thrills brands.

Bell Potter thinks the company's outlook is very positive thanks to its store expansion opportunity. In addition, it feels that its shares are cheap at just 14x forward earnings. It said:

Universal Store Holdings is a leading youth focused apparel, footwear and accessories retailer in Australia. UNI will continue to increase store numbers over the next few years, supporting earnings growth of 12% p.a. over (FY25-27). Valuation looks attractive, trading on a fwd P/E of ~14x. UNI is a quality small cap (ROE ~25%) that is executing on its rollout strategy.

WiseTech Global Ltd (ASX: WTC)

A third Australian share to consider for a $10,000 investment is WiseTech Global. It is a rapidly growing logistics solutions technology company.

Bell Potter believes the company is destined for more growth over the long term and describes it as "a growth story." It explains:

WTC has a high degree of recurring revenue (80-85%) and should continue to grow its revenue/earnings from further customer wins. We see CargoWise as the market leader in freight forwarding software and expect growth to accelerate due to the launch of three new products, as well as ongoing global roll-out wins. All up, WTC is a growth story with strategic acquisitions representing upside potential enabling WTC to benefit from large-scale global rollouts and consolidation within the logistics sector.

The post Top Australian shares to buy right now with $10,000  appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has positions in Universal Store and WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group and WiseTech Global. The Motley Fool Australia has positions in and has recommended Macquarie Group and WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2024